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KARACHI, July 13,2026: BankIslami has partnered with EFU Life Assurance and EFU General Insurance to offer affordable microtakaful products through its mobile banking application.
Under the partnership, BankIslami customers can enroll in, pay for and submit claims for exclusive microtakaful plans directly through the app. The plans cover health, accidental insurance, mobile devices, digital transactions, theft, home protection and travel takaful.
The three organizations signed the agreement at EFU’s headquarters in Karachi. Senior executives from BankIslami, EFU Life and EFU General attended the ceremony.
The initiative supports BankIslami’s strategy to expand its digital banking services. At the same time, it aims to make Shariah-compliant takaful solutions more accessible and affordable for customers across Pakistan.
Speaking at the ceremony, Waqas Anis, Chief Digital & AI Officer at BankIslami, said the bank is building a digital ecosystem that goes beyond everyday banking transactions.
He added that the partnership allows customers to access affordable takaful coverage through the same digital platform they already use for banking, making financial protection simpler and more convenient.
Moreover, the collaboration reflects the shared commitment of BankIslami, EFU Life and EFU General to promote financial inclusion by expanding access to Shariah-compliant protection products.
The partnership also strengthens BankIslami’s growing portfolio of digital financial services as the bank continues to expand its technology-driven offerings in line with its mission of “Saving Humanity from Riba.”
